Here's what it costs to live in Chesapeake, Virginia, based on the latest US government data. Renters pay a median of $1,523 per month, while the typical home is valued around $359,100. Households earn a median of $94,189 per year, leaving rent at a manageable share of income for many residents. Air quality is moderate, with an average AQI of 55. The figures below cover housing, local wages by occupation, demographics, and air quality, all drawn from the US Census Bureau, BEA, HUD, and EPA.
Median Household Income
$94,189
Annual · Census ACS
Median Gross Rent
$1,523
Per month · Census ACS
Median Home Value
$359,100
Census ACS
Cost of Living Index
N/A
BEA RPP · US avg = 100
1BR Fair Market Rent
N/A
HUD FMR
2BR Fair Market Rent
N/A
HUD FMR
3BR Fair Market Rent
N/A
HUD FMR
HUD Fair Market Rent = 40th percentile gross rent · FY2024
State Income Tax
5.75%
Top marginal rate
State Sales Tax
5.30%
Statewide base rate (local add-ons may apply)
Source: Tax Foundation (2024)
| Occupation | Median Annual Wage |
|---|---|
| 💻Software Developer | N/A |
| 🏥Registered Nurse | N/A |
| 📚Elementary Teacher | N/A |
| ⚡Electrician | N/A |
| 📊Accountant | N/A |
Source: BLS OEWS 2023 (metro-level data)
Population
251,153
Latest estimate
Median Age
37.7 yrs
Census ACS
Average AQI
55.0
Source: EPA AirNow
What is the cost of living index for Chesapeake?
The cost of living index for Chesapeake is not yet available in our database.
What is the median rent in Chesapeake?
The median gross rent in Chesapeake is $1,523 per month according to US Census ACS data.
What is the median household income in Chesapeake?
The median household income in Chesapeake is $94,189 per year.
What is the median home value in Chesapeake?
The median home value in Chesapeake is $359,100 based on the latest Census ACS survey.
How is the air quality in Chesapeake?
Chesapeake has an average Air Quality Index (AQI) of 55.0, which is rated "Moderate" by the EPA. Lower AQI values indicate cleaner air.
What are the taxes like in Chesapeake?
Virginia has a top state income tax rate of 5.75% and a statewide sales tax of 5.30% (local rates may add to this). Source: Tax Foundation, 2024.
Data last updated: December 1, 2024 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology